How you can capitalize on the recurring payments trend

▤ Summary

Curated choice takes user interests to pitch personalized content while replenishment fills routine items at specific intervals. This payment schedule is widely used by different kinds of streaming services when a fixed membership fee is charged from the customer’s bank account regularly. Moreover, subscription packages can cause more positive emotions in comparison to traditional shopping because of the less effort and time spent on choosing the right product and element of surprise. Moreover, according to the McKinsey report, churn rates of such businesses as subscription boxes are quite high and companies should have a unique competitive advantage to attract buyers. Other recent survey conducted on almost 12,800 participants from different countries showed that Canada is the leading nation willing to make automatic payments with credit cards.

▦ Linked Companies

GoCardless

$100M to $250M